BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

US to sign Arms Trade Treaty

The United States, the world's largest exporter of conventional weapons, plans to sign the Arms Trade Treaty, which is to regulate the lucrative trade responsible for many civilian deaths, a State Department official confirmed Tuesday, dpa reported.

US Secretary of State John Kerry was to sign the treaty for the US on Wednesday at UN headquarters, joining 86 other countries that have already done so since it was opened for signatures in May, the official said.

"This is a milestone towards ending the flow of conventional arms that fuel atrocities and abuse," said Salil Shetty, secretary general of Amnesty International.

"The tragic situation in Syria underlines the horrific human cost of the reckless global arms trade."

Amnesty said the US supplies arms to 170 countries, and its weapons account for 30 per cent of the world's weapons trade. The treaty, adopted by the UN General Assembly earlier this year, will enter into force after 50 countries have ratified it.